Point of no return?
There’s a point you pass in every journey when it would take more time to turn
back than to just finish.
And I think we might be there – or at
least an exit or two away – when it comes to
PPACA. At what point do we stop threatening to turn the car around and just floor it?
The Congressional Budget Office thinks
we’re already there. This nonpartisan
group says we’ve reached the
point at which repealing
the president’s reform law
would cost us more than
simply allowing its imple-
mentation to go forward.
else for a second, judging
the law by its impact on
the federal budget alone,
the CBO estimates
that repealing it would
increase the deficit by a
whopping $230 billion.
Of course, this assumes
the law will pay for itself
with Medicare cuts while also
actually reducing the deficit.
I’m sorry, but that’s a tough
pill to swallow. Even if I could
But there’s more to it than
that. A new report from the
U.S. Public Interest Report
Group argues that more than
4 million small businesses would lose health insur-
ance tax credits, “and the cost of offering employer-
based health insurance could increase by more than
The repeal would also kick 2 million older kids off
their parents’ health plans while shutting the doors on
more than 8,000 community health centers.
Of course, each side argues their way will increase
premiums. And, honestly, I’m pretty sure those will
keep climbing no matter what we do, so that’s a zero-sum game.
On the other hand, all this spending and federal
expansion – most of which still remains vague and
undefined – will result in a paltry 3 percent jump
in the number of privately insured, according to the
Wall Street Journal. Not much of a return on that
So here we are, still barreling down the interstate,
bickering in the back seat over our destination. Can we
still turn around? Or have we already gone too far?
Or is time to buck up, adjust to our new reality and
move on? It wasn’t that long ago we were lamenting
the expansion of Medicare. Now here we are defending it against this administration’s efforts to gut it to
pay for this new law.
See, we’ve come so far already.
did you know?
the nation’s health
care system requires
3 in 4
Health care reform paradox
still said that
6 in 10
backed reform and
health insurance to
costs related to